SCHRODERS has acquired NewFinance Capital to create a $3.3bn (£1.78bn) global fund of hedge funds business.
The Financial Services Authority has given final regulatory approval for the deal, under which Schroders merged its existing fund of hedge funds with NewFinance Capital. Schroders chief executive officer...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.